The company reported standalone net profit of Rs 14.86 crore for the quarter ended September 30, 2019 as compared to Rs 12.30 crore in the same period last year, registering a year-on-year growth of 20.81 per cent.
Net revenue of the company rose triple digit by 168.79 per cent at Rs 8.44 crore in July-September quarter of this fiscal as against Rs 3.14 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 796.09 per cent to Rs 11.47 crore from Rs 1.28 crore in year ago period.
Other Income grew by 21.43 per cent at Rs 19.66 crore versus (Sep'18 Rs 16.19 crore).
Operating Profit slipped by 262.90 per cent to Rs -3.03 crore as against Rs 1.86 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 160.60 per cent in September quarter.
Interest declined by 53.12 per cent y-o-y to Rs 1.58 crore, while Taxation decreased by 94.04 per cent at Rs 0.14 crore (Sep'18 Rs 2.35 crore).